Ethereum Staking Breaks All Records — 35 Million ETH Locked! Could This Trigger the Next Price Surge?

Jakarta, Pintu News – Ethereum has just reached an important milestone – more than 35 million ETH are now locked in staking. Meanwhile, this sudden surge, with 500,000 ETH staked in just two weeks, shows the growing confidence in the Ethereum network.

At the same time, long-term holders continue to accumulate ETH without selling a single coin.

Then, what impact will it have on the Ethereum price?

More than 35 Million ETH Now Staked

Based on data from on-chain analysis firm CryptoQuant, in just the first half of June, more than 500,000 ETH was added to Ethereum staking contracts. This pushed the total ETH staked to an all-time high of over 35 million ETH.

Read also: Ethereum Slides 3% Today (June 18) — Are Whales Gearing Up for the Next Big Rally?

Furthermore, this is an important achievement as staking means locking up coins, thus reducing the amount circulating in the market.

With less ETH available for trading, liquid supply decreases – and this could push prices up, especially if demand also increases.

Long-term Holders Do Not Sell

Another strong signal comes from “accumulation addresses”, which are wallets that never sell their ETH. According to on-chain data, these wallets now hold a record 22.8 million ETH.

This shows that many Ethereum holders are not only optimistic, but also committed to the long term. They’re not taking profits or reacting to short-term market movements. They’re quietly adding to their holdings and waiting for the right time.

Ethereum Price Remains Stable

Read also: Whales Are Buying the Dip: $18M in Worldcoin (WLD) Scooped Up — Surge Ahead?

Reporting from Coinpedia (17/6), the current Ethereum price is still holding above the rising support line around $2,556, indicating that buyers are still active.

If the price manages to break the $2,660 level, ETH has the potential to rise quickly to the $2,720 range. A strong push above that level could even take ETH prices to $2,800 in the near future.

However, if ETH fails to hold above $2,500, the price could drop again. In that scenario, the next support is around $2,460.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Ethereum Staking Hits All-Time High: Over 35 Million ETH Locked Up. Accessed on June 18, 205
• Cointelegraph. Staked Ethereum hits 35M ETH high as liquid supply declines. Accessed on June 18, 205